Market Overview:
The global biofoam packaging market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for biofoam packaging from various end-use industries, such as electronics, medical equipment, furniture, and others. In addition, the growing awareness about environment-friendly and sustainable packaging solutions is also fueling the growth of the global biofoam packaging market. Based on type, the global biofoam packaging market can be segmented into rigid packaging and flexible packaging. Rigid foam is witnessing a higher demand than flexible foam due to its superior properties such as thermal insulation and shock absorption. Based on application, the global biofoam Packaging Market can be segmented into electronic product, medical equipment,, furniture,, other applications).
Product Definition:
Biofoam packaging is a biodegradable and compostable foam made from plant-based materials. It is used to package food, cosmetics, and other items. Biofoam packaging is important because it is environmentally friendly and can be composted.
Rigid Packaging:
Rigid packaging is a method of packaging in which the material used for packing is made from non- yielding materials such as wood, plastic, paper & fiberboard and metal. The primary function of rigid packaging is to provide protection to the packed product from external impact or vibration. Rigid packing offers high impact resistance and helps avoid product damage due to vibration & shock during transportation.
The global rigid foam packaging market size was estimated at USD 23 billion in 2016.
Flexible Packaging:
Flexible packaging is a method of packing, where the primary goal is to protect the product from damage and enhance its shelf life. Flexible packaging includes various types of films, foams as well as pouches that are widely used for food & beverage applications. The global flexible packaging market size was estimated at USD 485 billion in 2016 and it is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The other application segment accounted for the largest share in 2016 and is expected to witness significant growth over the forecast period. Other applications include industrial machinery, transportation equipment, furniture and bedding products. The growing demand for office furniture including chairs, tables and conference room seating is expected to drive product demand in this segment over the next eight years.
Electronic product packaging dominated the global market with a revenue share of more than 25% in 2016 owing to increasing electronic device production coupled with rising consumer disposable income levels across various regions of the world. Asia Pacific has been witnessing significant growth in terms of electronics production which is likely to propel industry expansion over the coming years thus driving demand for biofoam packaging solutions within this region as well.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of industry players and high disposable income. The region is expected to maintain its dominance over the forecast period due to increasing investments in R&D for bio-based product development, rising awareness about sustainability, and government support for promoting bioeconomy.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization along with growing population especially in China and India. Increasing disposable income coupled with an increase in spending on luxury goods will drive demand further. Rising awareness regarding recycling among consumers will also have a positive impact on regional growth over the next eight years.
Growth Factors:
- Increasing demand for bio-based and sustainable packaging materials
- Rising awareness about the benefits of biofoam packaging
- Growing popularity of compostable and biodegradable packaging
- Proliferation of e-commerce and the need for lightweight, durable, and protective packaging
- Technological advancements that improve the performance of biofoam packaging
Scope Of The Report
Report Attributes
Report Details
Report Title
Biofoam Packaging Market Research Report
By Type
Rigid Packaging, Flexible Packaging
By Application
Electronic Product, Medical Equipment, Furniture, Other
By Companies
Synbra Technology, Eco-Global Manufacturing, Hwa Ching Industry, Recticel, Woodbridge Foam, BASF, Sealed Air Corporation, KTM Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Biofoam Packaging Market Report Segments:
The global Biofoam Packaging market is segmented on the basis of:
Types
Rigid Packaging, Flexible Packaging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic Product, Medical Equipment, Furniture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Synbra Technology
- Eco-Global Manufacturing
- Hwa Ching Industry
- Recticel
- Woodbridge Foam
- BASF
- Sealed Air Corporation
- KTM Industries
Highlights of The Biofoam Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rigid Packaging
- Flexible Packaging
- By Application:
- Electronic Product
- Medical Equipment
- Furniture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biofoam Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biofoam packaging is a type of packaging made from polystyrene foam. It is often used to store food or beverages, and it has several advantages over other types of packaging. First, it is lightweight and easy to transport. Second, it can be easily recycled because the foam can be broken down into small pieces that are easy to handle. Finally, biofoam does not contain any harmful chemicals or toxins, which makes it a safe option for food storage
Some of the major companies in the biofoam packaging market are Synbra Technology, Eco-Global Manufacturing, Hwa Ching Industry, Recticel, Woodbridge Foam, BASF, Sealed Air Corporation, KTM Industries.
The biofoam packaging market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biofoam Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biofoam Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biofoam Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biofoam Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biofoam Packaging Market Size & Forecast, 2018-2028
4.5.1 Biofoam Packaging Market Size and Y-o-Y Growth
4.5.2 Biofoam Packaging Market Absolute $ Opportunity
Chapter 5 Global Biofoam Packaging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biofoam Packaging Market Size Forecast by Type
5.2.1 Rigid Packaging
5.2.2 Flexible Packaging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biofoam Packaging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biofoam Packaging Market Size Forecast by Applications
6.2.1 Electronic Product
6.2.2 Medical Equipment
6.2.3 Furniture
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biofoam Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biofoam Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biofoam Packaging Analysis and Forecast
9.1 Introduction
9.2 North America Biofoam Packaging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biofoam Packaging Market Size Forecast by Type
9.6.1 Rigid Packaging
9.6.2 Flexible Packaging
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biofoam Packaging Market Size Forecast by Applications
9.10.1 Electronic Product
9.10.2 Medical Equipment
9.10.3 Furniture
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biofoam Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe Biofoam Packaging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biofoam Packaging Market Size Forecast by Type
10.6.1 Rigid Packaging
10.6.2 Flexible Packaging
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biofoam Packaging Market Size Forecast by Applications
10.10.1 Electronic Product
10.10.2 Medical Equipment
10.10.3 Furniture
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biofoam Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biofoam Packaging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biofoam Packaging Market Size Forecast by Type
11.6.1 Rigid Packaging
11.6.2 Flexible Packaging
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biofoam Packaging Market Size Forecast by Applications
11.10.1 Electronic Product
11.10.2 Medical Equipment
11.10.3 Furniture
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biofoam Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Biofoam Packaging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biofoam Packaging Market Size Forecast by Type
12.6.1 Rigid Packaging
12.6.2 Flexible Packaging
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biofoam Packaging Market Size Forecast by Applications
12.10.1 Electronic Product
12.10.2 Medical Equipment
12.10.3 Furniture
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biofoam Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biofoam Packaging Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biofoam Packaging Market Size Forecast by Type
13.6.1 Rigid Packaging
13.6.2 Flexible Packaging
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biofoam Packaging Market Size Forecast by Applications
13.10.1 Electronic Product
13.10.2 Medical Equipment
13.10.3 Furniture
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biofoam Packaging Market: Competitive Dashboard
14.2 Global Biofoam Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Synbra Technology
14.3.2 Eco-Global Manufacturing
14.3.3 Hwa Ching Industry
14.3.4 Recticel
14.3.5 Woodbridge Foam
14.3.6 BASF
14.3.7 Sealed Air Corporation
14.3.8 KTM Industries
